No it doesn't. It stands for Quincunx
Don't really care what he thinks, it stands for Quincunx - end of.
No, it doesn't. The Q stands for quality. 16xQ is a form of multisampling, Coverage Sampling Anti-Aliasing to be exact (CSAA) and is available only on 8 series cards and above. Quincunx is something entirely different. 2xQ is the only Quincunx mode and as far as I can tell is no longer available. It's generally considered to be outdated now.